Artificial intelligence could create extraordinary new wealth, but our tax system is set up to funnel most of it toward the billionaires, executives, and wealthy investors who own Big Tech.

Workers pay taxes every time they earn a paycheck. Billionaires can watch their fortunes grow through soaring stock prices without paying income taxes on those gains. Corporations can claim deductions for investments in technology while exploiting loopholes that lower their tax bills. Carrying those same rules into the AI economy will deepen wealth concentration on a massive scale.

The public is also helping finance the AI boom. These systems depend on decades of publicly supported research, educated workers, roads, electric grids, water systems, and other shared infrastructure. Massive data centers are placing new demands on communities, while families face higher utility costs, and local governments are pressured to approve corporate subsidies.

At the same time, companies are using AI to justify layoffs and reduce labor costs. Workers face the possibility of losing wages, employer-provided health coverage, and economic security. Corporate owners and shareholders are positioned to collect the savings through larger profits and rising stock values.

Congress must tax AI at every level where wealth and corporate power are being concentrated. Lawmakers should raise taxes on large corporations and capital gains, close loopholes benefiting billionaires, strengthen the minimum tax on billion-dollar corporations, and tax the energy consumption of the largest AI data centers.

Revenue from the AI boom should be invested in health care, education, unemployment insurance, apprenticeships, good-paying jobs, infrastructure, and communities carrying the costs of data-center development.

Tell your representative and senators to tax AI, make Big Tech corporations and billionaires pay their fair share, and ensure that the wealth created by technological progress benefits everyone.